Tag Archives: federal deficit

Information please !

There is a tremendous amount of press coverage about something called the fiscal cliff, which will arrive 1 Jan ’13 unless congress does something.  I receive hysterical missives nearly daily from AAAS to write my congressman to avert any cut in research funding, etc. etc.   Despite all the uproar, I can’t find the answers to several fairly simple questions, despite searching the web.

l. What is the size of total federal spending predicted to be –

a. as things stand now with the cliff averted and nothing else changed (e.g. tax cuts left in place, no spending cuts)

b. if the cliff comes to pass

2. What is the size of the deficit (both in absolute number and as a percentage of federal spending)

a.  as things stand now with the cliff averted and nothing else changed (e.g. tax cuts left in place, no spending cuts)

b. if the cliff comes to pass

So it’s just 6 simple numbers that I can’t find anywhere.  If anyone knows feel free to write a comment with the numbers and the source.

I do recall reading somewhere, that some 40% of federal expenditures are being financed (e.g. the deficit) and that even if the cliff occurs we’ll still have a deficit of 600 billion.

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